Geo Prep at Mid-City Inc

Analysis

Geo Prep at Mid-City Inc is a registered charity in United States, based in Baton Rouge, LA. It received its IRS tax-exemption ruling in September 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Geo Prep at Mid-City Inc reported income of $11.9m and spending of $10.8m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.1m to $11.9m (+30%), an average of +6.8% a year. The sharpest change came in the year to June 2022, when income rose by 21%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Geo Prep at Mid-City Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within LA. Charities of a similar size with the same main cause include Collaborative for Higher Education Shared Services ($11.8m), University of South Alabama Foundation ($11.9m) and McCarton Foundation for Developmental Disabilities Inc ($11.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $125k (1.2% of expenses). Other salaries and wages came to $4.6m. At year end it held assets of $3.2m against liabilities of $341k, net assets of $2.9m. It reported 162 employees.